Prices for Ukrainian soybeans, which were in high demand in the autumn, have now fallen significantly due to the world market situation and this trend will continue in the coming months. Such a forecast was made by experts of the analytical centre of the agricultural cooperative PUSK, created within the Ukrainian Agrarian Council, during the weekly briefing, reports the press service of the UAC.
“Ukrainian soybeans are 30-40 $/t or 27-37 €/t more expensive than their Brazilian counterparts, so their deliveries to most countries are already “not counted”. Currently, only Egypt is generating a high demand for Ukrainian soybeans, but the global trend is downward. The stock market is falling, as are prices for American and Brazilian soybeans. It is possible to forecast that in February the conditional prices for soybeans will be at the level of 410 $/t or 380€/t CPT,” the analysts note.
Ukrainian crushers are also reducing their offer prices for soybeans, they added.
“The price and demand for soy meal in the EU are falling, so Ukrainian mills will reduce the pace of meal exports to the EU. It is expected that prices will recover only in May-June,” the experts predict.
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